Buyer’s Premium Explained

gavel Buyer’s Premium: At auction, the Buyer’s Premium is an expense, added to the Hammer Price, which is price the auctioneer sells an item for on the sales floor during the auction.  For example, if you go to an auction with a buyer’s premium of 15%, buy something on the sales floor for $100, when you […] Continue reading →

Selling Gold & Silver at Auction

OLYMPUS DIGITAL CAMERA Advice on how to get you the best deal from an auction house for your precious metals. When it comes to selling gold, silver and other precious metals at auction, there are advantages and disadvantages; but for most auctioneers, selling gold and silver at auction is a no-brainer. They want to sell it for you. […] Continue reading →